MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-10-0010443
Argo Tech India Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹11.78 Cr
▼ 24% YoY
Net profit · FY 2024
₹1.56 Cr
Net margin 13.2%
EBITDA · FY 2024
₹2.16 Cr
EBITDA margin 18.3%
Authorised capital
₹2.8 Cr
Registered with MCA
Paid-up capital
₹2.72 Cr
Issued & subscribed
Open charges
₹7.4 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
9
Provident fund records
About Argo Tech India Private Limited
Data last updated:
Argo Tech India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Argo Tech Llc. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 30 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51109KA2010PTC176888. Its GSTIN is 29AAICA7107M1ZB (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2.8 Cr and a paid-up capital of ₹2.72 Cr. It was formerly known as Argo International India Private Limited. It is led by directors Vinay Khanna and Rasheem Khanna.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.78 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.56 Cr (net margin 13.2%) and EBITDA of ₹2.16 Cr (EBITDA margin 18.3%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 4% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.4 Cr on record.
Argo Tech India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0010443). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website argoturbo.com.
Company details
CIN U51109KA2010PTC176888
Registration Number 176888
Incorporation Date 30 July 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Argo Tech Llc
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-10-0010443
CIN history
Argo Tech India has one previous CIN (Corporate Identification Number): U51109WB2010PTC151859. The current CIN is U51109KA2010PTC176888, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109KA2010PTC176888 | Current |
| U51109WB2010PTC151859 | Previous |
Key People
Vinay Khanna Director Rasheem Khanna Director Recognitions & Rankings of Argo Tech India
Contact details
Argo Tech India Private Limited's registered office is in Bangalore, Karnataka. Its website is argoturbo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 653 2nd Cross Hmt Layout, R T Nagar, Bangalore, Karnataka, India – 560032
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
To see the full contact details of Argo Tech India Private Limited, buy the company report.
Comprehensive company report
Argo Tech India Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Argo Tech India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Argo Tech India Private Limited, buy the company report.
Financials of Argo Tech India Private Limited
FY 2024 filings availableArgo Tech India Private Limited reported revenue of ₹11.78 Cr (down 24% YoY) for FY 2024.
Revenue · FY 2024
₹11.78 Cr ▼ 24%
Net profit · FY 2024
₹1.56 Cr margin 13.2%
EBITDA · FY 2024
₹2.16 Cr margin 18.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 31%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 59%
5 years · compounded
▼ 4%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 24% fall in the latest year. EBITDA rose 29% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.56 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.3% | ||||
| Net Profit Margin | 13.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Argo Tech India Private Limited, buy the company report.
Board of directors of Argo Tech India Private Limited
Argo Tech India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Khanna | Director | 30 Jul 2010 | 16 Years 2 Months | Current |
| Rasheem Khanna Also directs: Ninard Ventures India Private Limited | Director | 09 Feb 2018 | 8 Years 8 Months | Current |
Peer comparison
Argo Tech India Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Argo Tech India Private Limitedthis company | ₹11.78 Cr (FY 2024) | ₹1.56 Cr | 13.2% | -24.0% | 9 | Bangalore, Karnataka, India |
| Beda Flow Systems Private Limited | ₹11.78 Cr (FY 2024) | 9.0% | New Delhi, Delhi, India | |||
| Swan Machine Tools Private Limited | ₹11.74 Cr (FY 2024) | 51.0% | Ahmedabad, Gujarat, India | |||
| Mujtaba Marine Private Limited | ₹11.7 Cr (FY 2024) | 94.0% | Bhavnagar, Gujarat, India |
To see the full peer comparison of Argo Tech India Private Limited, buy the company report.
Auditor
Argo Tech India Private Limited is audited by Sumanth & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sumanth & Associates | FY 2022 | 013965S |
Shareholding
The shareholding of Argo Tech India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Argo Tech India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.4 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2022 | 100545734 | Others | ₹5 Cr | Open | |
| 20 Feb 2021 | 100417406 | Others | ₹2.15 Cr | Open | |
| 05 Nov 2018 | 100219116 | Vijaya Bank | ₹25 Lakh | Open |
To see the full charge records of Argo Tech India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Argo Tech India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Argo Tech India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Argo Tech India Private Limited has a workforce of 9 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
50%
GST
Argo Tech India has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICA7107M1ZB | Karnataka | Active | 13 May 2019 |
| 19AAICA7107M1ZC | West Bengal | Active | 01 Jul 2017 |
| 37AAICA7107M1ZE | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Argo Tech India Private Limited, buy the company report.
Recent activity
Argo Tech India Private Limited has 10 board changes on record since 2010: 6 appointments and 4 cessations. The latest: Kaushik Kumar Basu ceased to be Director on 01 Oct 2019.
AGM
Argo Tech India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Argo Tech India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others of Rs. 5.00 Cr registered on 11 Mar 2022 with Charge ID 100545734 was modified on 29 Oct 2022.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100545734 was registered on 11 Mar 2022.
Charges
A charge with Others amounted to Rs. 2.15 Cr with Charge ID 100417406 was registered on 20 Feb 2021.
Ceased
Kaushik Kumar Basu ceased to be Director.
Charges
A charge with Vijaya Bank amounted to Rs. 0.25 Cr with Charge ID 100219116 was registered on 05 Nov 2018.
Ceased
Biswajit Sen Gupta ceased to be Director.
Appointed
Rasheem Khanna was appointed as Director.
Ceased
Wayne Edward Ackerman ceased to be Director.
Ceased
Victor G Ventura ceased to be Director.
Appointed
Wayne Edward Ackerman was appointed as Director.
5 earlier events are in the company report.
Frequently asked questions
Argo Tech India is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 30 July 2010 (16+ years old) and is registered under CIN U51109KA2010PTC176888.
Argo Tech India has 2 current directors:
- Vinay Khanna - Director
- Rasheem Khanna - Director
The latest financial statements of Argo Tech India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Argo Tech India is 29AAICA7107M1ZB, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 19AAICA7107M1ZC (West Bengal), 37AAICA7107M1ZE (Andhra Pradesh).
The CIN (Corporate Identification Number) of Argo Tech India is U51109KA2010PTC176888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Argo Tech India was incorporated on 30 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Argo Tech India by revenue are Beda Flow Systems Private Limited, Swan Machine Tools Private Limited, Mujtaba Marine Private Limited, all in the Machinery and Equipment industry (Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading).
Kaushik Kumar Basu ceased to be Director on 01 Oct 2019. Biswajit Sen Gupta ceased to be Director on 09 Feb 2018. Rasheem Khanna was appointed as Director on 09 Feb 2018. Argo Tech India has 10 board changes on record in total.
Yes, Argo Tech India is registered as a small enterprise under Udyam registration (number: UDYAM-WB-10-0010443).
Argo Tech India can be reached through the website argoturbo.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Argo Tech India is at No. 653 2nd Cross Hmt Layout, R T Nagar, Bangalore, Karnataka, India – 560032.